In choosing the form of a tax, there is often a tradeoff between
a. allocative and productive efficiency.
b. profits and revenues.
c. efficiency and fairness.
d. fairness and profits.
c
Economics
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Farmers can choose to produce eggs and/or milk. If there is a successful advertising campaign for people to "drink milk," then what will be the effect in the egg market?
a. None, since consumers do not see eggs and milk as related goods. b. Egg demand will increase. c. Egg demand will decrease. d. Egg supply will increase. e. Egg supply will decrease.
Economics
If they could reach agreement, two firms in a two firm industry facing the advertising dilemma would agree not to advertise.
Answer the following statement true (T) or false (F)
Economics